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INNOVATE Corp. — Director's Dealing 2015
Oct 13, 2015
34366_dirs_2015-10-13_02951d6a-f5d3-44aa-ac44-b39af667bf70.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HC2 Holdings, Inc. (HCHC)
CIK: 0001006837
Period of Report: 2015-10-09
Reporting Person: Gerber Sander (10% Owner)
Reporting Person: Hudson Bay Credit Management LLC (10% Owner)
Reporting Person: Hudson Bay Capital Management LP (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-10-09 | Common Stock, par value $0.001 ("Common Stock") | S | 25000 | $7.6505 | Disposed | 838872 | Indirect |
| 2015-10-12 | Common Stock | S | 62500 | $7.9326 | Disposed | 776372 | Indirect |
Footnotes
F1: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.56 to $7.7899, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
F2: The shares are held by Hudson Bay Absolute Return Credit Opportunities Master Fund, Ltd. (the "Fund"). Hudson Bay Credit Management LLC (the "Investment Manager") is the investment manager of the Fund. The sole member of the Investment Manager is Hudson Bay Capital Management L.P. As such, each of the Investment Manager and Hudson Bay Capital Management L.P. may be deemed to share beneficial ownership of the shares held by the Fund. As the managing member of the general partner of Hudson Bay Capital Management L.P., Mr. Sander Gerber may be deemed to share beneficial ownership of the shares held by the Fund. Each Reporting Person disclaims beneficial ownership of the shares held by the Fund, except to the extent of its or his pecuniary interest therein.
F3: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.73 to $8.00, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.